SBS Wealth Limited
SBS Wealth Income Fund
SBS Wealth KiwiSaver SchemeDefensive
What the provider says about this fund
The fund aims to provide investors with a low-risk investment option that invests predominantly in income producing assets, the majority of these being cash and fixed interest investments. The Fund may also hold high dividend yielding equities and/or listed property and infrastructure investments.
1-year return
1.39%
5-year return p.a.
0.34%
Total annual fee
0.87%
Fund size ($m)
269.5
Members
11,595
Inception date
14 October 2015
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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7
Lower riskHigher risk
Investment mix
Growth assets
0.00%
Income assets
100.00%
| Asset class | Actual | Target | Average for Defensive funds |
|---|---|---|---|
| Australasian shares | 0.00% | 0.00% | 0.11% |
| Cash and equivalents | 7.87% | 5.00% | 48.53% |
| Commodities | 0.00% | 0.00% | 0.00% |
| International bonds | 59.46% | 60.00% | 22.70% |
| International shares | 0.00% | 0.00% | 0.12% |
| Listed property | 0.00% | 0.00% | 0.09% |
| New Zealand bonds | 32.67% | 35.00% | 28.46% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.05% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Harbour NZ Core Fixed Interest Fund | Bonds | New Zealand Fixed Interest | NZ | 29.57% |
| 2 | Dimensional Global Bond Sustainability PIE Fund | Bonds | International Fixed Interest | NZ | 27.39% |
| 3 | IShares Global Aggregate Bond ESG UCITS ETF NZD Hedged | Bonds | International Fixed Interest | IE | 23.17% |
| 4 | Dimensional Two-Year Sustainability Fixed Interest PIE Fund | Bonds | International Fixed Interest | NZ | 5.05% |
| 5 | Dimensional Five-Year Diversified Fixed Interest PIE Fund | Bonds | International Fixed Interest | NZ | 3.84% |
| 6 | SBS Bank 07/03/2029 6.14 | Bonds | New Zealand Fixed Interest | NZ | 1.53% |
| 7 | Cash Deposit (ANZ Bank) | Cash | Cash and Cash Equivalents | NZ | 1.52% |
| 8 | SBS Bank 18/03/2027 4.32 | Bonds | New Zealand Fixed Interest | NZ | 0.83% |
| 9 | Southland Building Society term deposit maturity 21/08/26 | Cash | Cash and Cash Equivalents | NZ | 0.77% |
| 10 | Southland Building Society term deposit maturity 24/06/26 | Cash | Cash and Cash Equivalents | NZ | 0.77% |
Fees
0.87% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.50% | $150 | 0.46% |
| Other fees | 0.37% | $111 | 0.06% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.87% | $261 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2017 | 1.50% | 1.52% |
| 31 March 2018 | 0.45% | 2.07% |
| 31 March 2019 | 2.37% | 2.39% |
| 31 March 2020 | 2.00% | 1.67% |
| 31 March 2021 | 0.07% | 1.64% |
| 31 March 2022 | -2.78% | -1.81% |
| 31 March 2023 | -2.66% | -0.19% |
| 31 March 2024 | 2.85% | 3.49% |
| 31 March 2025 | 2.94% | 3.79% |
| 31 March 2026 | 1.39% | 2.09% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Anthony Halls | Non-executive Director / Investment Committee chairperson | 5 months |
| Derek Young | Chief Operating Officer | 2 years, 8 months |
| Martin Pike | Chief Investment Officer | 10 years, 6 months |
| Morne Redgard | Chief Executive Officer | 2 years, 10 months |
| Phil Ellison | Non-executive Director / Investment Committee member | 3 years, 8 months |